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Alternative Assets  + Real Estate  |  March 14, 2025
SolaREIT Upsizes Credit Facility to $60M
Joe Palmisano
By: Joe Palmisano

SolaREIT Upsizes Credit Facility to $60M

SolaREIT, a real estate investment firm focused on solar and battery storage, has boosted its revolving credit facility to $60 million, with Atlantic Union Bank increasing its commitment and syndicating to EagleBank. This is the third expansion in under two years, with Atlantic Union Bank acting as the sole book runner and administrative agent.

The expanded facility will equip SolaREIT with additional capital to address rising demand from solar and battery storage developers. The company provides creative financing options to optimize real estate assets for developers and landowners while advancing clean energy projects.

“We’re thrilled to be partnering with Atlantic Union Bank and EagleBank to provide financing solutions to clean energy developers. This expanded facility demonstrates the financial community’s confidence in our business model and team,” said Laura Klein, CFO of SolaREIT.

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SolaREITAtlantic Union BankEagleBank

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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